Skip To The Main Content

News & Events

Matter Highlights Go Back

Simpson Thacher Represents the Underwriters in $750 Million Offering by The Charles Schwab Corporation

03.14.16

The Firm represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC, and J.P. Morgan Securities LLC as joint bookrunning managers, in connection with a public offering of 30,000,000 Depositary Shares, each representing a 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share, with a liquidation preference of $1,000 per share, of The Charles Schwab Corporation. The offering closed on March 7, 2016.

The Charles Schwab Corporation is headquartered in San Francisco and, through its operating subsidiaries, provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors.

The Simpson Thacher team included Roxane Reardon, Hana Nah, Derek Stueben and Colin Osiecki (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jonathan Cantor and Jodi Schneider (Tax); Jeanne Annarumma and Samantha Steinfeld (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).